Jun. 1 at 11:38 PM
$FMST trading around
$1.75, bouncing off the lower bounds of a well-defined descending channel and building a base.
🚀 Catalyst: Foremost recently expanded its high-grade Tuning Fork Uranium Zone and strengthened its treasury via a share issuance to Denison Mines. An upcoming live investor webinar on June 3 could bring more eyes to the stock.
📈 Setup: Price is consolidating near support within a descending channel. Buyers are defending the lower trendline, but a heavy volume shelf sits just overhead.
🐂 Bull Trigger: A clean daily close above
$1.90 triggers the breakout, clearing descending resistance for a fast push toward the
$2.15 volume shelf and a test of
$2.35.
🐻 Bear Level: A breakdown below
$1.57 shifts control to the bears for a quick flush to the
$1.48 pivot would see new lows.
📊 Trend: NEUTRAL / BULLISH WATCH — Strong uranium exploration news provides tailwinds, but technical must clear channel resistance to unlock the reversal. #hovdid
